January 1, 2013
By John Rumsey
Securing long-term capital for project finance has never been the most straightforward of tasks – especially so in emerging markets. But as global commercial bank financing remains under pressure, getting deals done via traditional sources is proving harder than ever.
“When you have lending of more than 15 years, which can be very important in the infrastructure sector, the availability of finance from traditional sources of commercial banks starts to disappear,” says Gabriel Goldschmidt, senior manager infrastructure investments in Latin America and Caribbean at the Washington-based IFC.
As ever development institutions, export credit agencies and capital markets are n
Traditional sources of funding may have retreated, but a range of new capital providers is rapidly taking their place for financing infrastructure